Stocks Retreat Despite S&P 500, Nasdaq Records

The Cboe Volatility Index (VIX) logged its best week since

Patrick Martin

Managing Editor

Mar 8, 2024 at 4:26 PM

It was a roller-coaster end to the trading week, fitting given the wobbly jobs report this morning. The Dow, S&P 500, and Nasdaq all spent time on both sides of the coin, but all ultimately finished in the red for the day, even if the latter two did score intraday record highs. The pullback today sent the major indexes into the red for the weekend as well, with the Dow logging its worst week since October. Elsewhere, the Cboe Volatility Index (VIX) logged its best week since Sept. 22.

Continue reading for more on today's market, including:

General Electric stock gets overdue upgrade.
Airbnb stock has contrarian potential.
Plus, Gap's post-earnings pop; a rough week for Eli Lilly; and an earnings report to watch next week.

Closing Indexes Summary March 8

NYSE and Nasdaq Stats March 8

5 Things to Know Today

After his State of the Union, tales of U.S. President Joe Biden's demise have been greatly exaggerated. (Bloomberg)
Women's sports could finally become the cash cow it should be. (CNBC)
A lot to like about Gap stock right now.
Eli Lilly stock suffers another setback.
Dollar Tree earnings should be on your radar.

Coroprate Earnings March 8

Unusual Options Activity March 8

Oil, Gold Go in Opposite Directions

Oil prices fell with the broader market today, as the jobs data weighed on the commodities market. April-dated West Texas Intermediate (WTI) crude shed 92 cents, or 1.2%, to finish at $78.01 per barrel. For the week, black gold fell 2.5%.

Gold prices finished the week in record territory, as the safe-haven asset swelled thanks to the unexpectantly-rising unemployment rate. April-dated gold added 0.9%, to settle at $2,185.50 per ounce. It was also gold's best week since October.

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